PolyOne Corporation Page 1

PolyOne Investor Presentation RW Baird 2015 Industrial Conference

November 2015

PolyOne Corporation Page 2

Forward-Looking Statements In this presentation, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of

the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance and/or sales.

Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to: The final amount of charges resulting from the planned North American asset realignment and the Company’s ability to realize anticipated

savings and operational benefits from the asset realignment; Our ability to achieve the strategic and other objectives relating to the acquisition of Spartech Corporation, including any expected synergies; Our ability to successfully integrate Spartech and achieve the expected results of the acquisition, including, without limitation, the acquisition

being accretive; Disruptions, uncertainty or volatility in the credit markets that could adversely impact the availability of credit already arranged and the availability

and cost of credit in the future; The financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with

inadequate liquidity) to maintain their credit availability; The speed and extent of an economic recovery, including the recovery of the housing market; Our ability to achieve new business gains; The effect on foreign operations of currency fluctuations, tariffs, and other political, economic and regulatory risks; Changes in polymer consumption growth rates in the markets where we conduct business; Changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online; Fluctuations in raw material prices, quality and supply and in energy prices and supply; Production outages or material costs associated with scheduled or unscheduled maintenance programs; Unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters; An inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working

capital reductions, cost reductions, employee productivity goals, and an inability to raise or sustain prices for products or services; An inability to raise or sustain prices for products or services; An inability to maintain appropriate relations with unions and employees; The inability to achieve expected results from our acquisition activities; Our ability to continue to pay cash dividends; The amount and timing of repurchases of our common shares, if any; and Other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates

and changes in the rate of inflation. The above list of factors is not exhaustive. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are

advised to consult any further disclosures we make on related subjects in our reports on Form 10-Q, 8-K and 10-K that we provide to the Securities and Exchange Commission.

PolyOne Corporation Page 3

Use of Non-GAAP Measures

This presentation includes the use of both GAAP (generally accepted accounting principles) and non-GAAP financial measures. The non-GAAP financial measures include: adjusted EPS, earnings before interest, tax, depreciation and amortization (EBITDA), adjusted EBITDA, net debt, Specialty platform operating income, Specialty platform gross margin percentage, adjusted operating income, return on invested capital, net debt/ EBITDA, and the exclusion of corporate charges in certain calculations. In certain cases throughout this presentation.

PolyOne’s chief operating decision maker uses these financial measures to monitor

and evaluate the ongoing performance of the Company and each business segment and to allocate resources. In addition, operating income before special items and adjusted EPS are components of various PolyOne annual and long-term employee incentive plans.

A reconciliation of each non-GAAP financial measure with the most directly comparable GAAP financial measure is attached to this presentation which is posted on our website at www.polyone.com.

PolyOne Corporation Page 4

PolyOne Commodity to Specialty Transformation

• Volume driven, commodity producer

• Heavily tied to cyclical end markets

• Performance largely dependent on non-controlling joint ventures

2000-2005 2006 - 2009 2010 – 2014 2015 and beyond

• Steve Newlin appointed, Chairman, President and CEO

• New leadership team appointed

• Implementation of four pillar strategy

• Focus on value based selling, investment in commercial resources and innovation to drive transformation

• Substantial EPS growth from $0.13 to all-time high of $1.80

• Shift to faster growing, high margin, less cyclical end markets

• Key acquisitions propel current and future growth, as well as margin expansion

• Specialty mix expands

to 65% of Operating Income – strongest mix of earnings in history

• Accelerating growth

• Deliver consistent double digit annual EPS growth

• Maintain >35% vitality index

• Pursue strategic acquisitions that expand specialty offerings and geographic breadth

• Invest and grow current and next generation talent

PolyOne Corporation Page 5

Appliances5%

Building & Construction

12%

Consumer10%

Electrical & Electronics

5%

Healthcare11%

Industrial14%

Packaging14%

Transportation20%

Wire & Cable9%

Distribution28%

PP&S20%

Specialty52%

United States69%

Europe13%

Canada7% Asia

6%Latin America

5%

2014 Revenues: $3.8 Billion

End Markets

2014 Revenues: $3.8 Billion

PolyOne At A Glance

$0.12 $0.27 $0.21 $0.13

$0.68 $0.82

$1.00

$1.31

$1.80

2006 2007 2008 2009 2010 2011 2012 2013 2014

Adjusted EPS

PolyOne Corporation Page 6

Old PolyOne

*Operating Income excludes corporate charges and special items

2%

34% 43% 62%

65% 66%

0%

20%

40%

60%

80%

100%

2005 2008 2010 2013 2014 YTD 2015 2020

% o

f Ope

ratin

g In

com

e*

JV's Performance Products & Solutions Distribution Specialty

80%+

Specialty OI $5M $46M $87M $195M $242M $183M

Mix Shift Highlights Specialty Transformation

Transformation 2020

Platinum Vision

Platinum Vision

PolyOne Corporation Page 7

Confirmation of Our Strategy

Specialization Globalization

Operational Excellence

Commercial Excellence

Driven by our core values of Collaboration, Innovation and Excellence, we are the world’s premier provider of specialized polymer materials, services and solutions

PolyOne Corporation Page 8

2006 YTD 2015 2020

“Where we were” “Where we are” Platinum Vision

1) Operating Income %

Specialty:

Global Color, Additives & Inks 1.7% 17.2% 20%+ Global Specialty Engineered Materials 1.1% 15.1% 20%+

Designed Structures & Solutions 1.4% (2012) 3.5% 12 – 14% Performance Products & Solutions 5.5% 8.1% 10 – 12%

Distribution 2.6% 6.6% 6.5 – 7.5%

2) Specialty Platform % of Operating Income 6.0% 66% 80%+

3) ROIC 5.0% 11.9% 15%

4) Adjusted EPS Growth N/A 24 Consecutive Quarters of YOY

EPS Growth Double Digit Expansion

Proof of Performance & 2020 Goals

PolyOne Corporation Page 9

Innovation Drives Earnings Growth

*Percentage of Specialty Platform revenue from products introduced in last five years

$20

$52

2006 TTM

Research & Development Spending

($ millions)

Specialty Platform Vitality Index Progression*

14%

28%

2006 TTM

Specialty Platform Gross Margin %

12%

43%

2006 TTM

Specialty Vitality Index Target ≥ 35%

TTM 9/30/15 TTM 9/30/15 TTM 9/30/15

PolyOne Corporation Page 10

Innovation Pipeline Potential

Prototype Frame Opportunity

Scale-up & Test Market

Build Business Case

Commercial Launch

Phase 1 Phase 2 Phase 3 Phase 4 Phase 5

12 4

9 6

1 6 3 7 4

5 6 1

1 7 2

Breakthrough

Platform

Derivative

Number of Projects 12 10 23 19 10 74

Specialty Addressable Market

($ millions) - - $1,150 $1,000 $250 $2,400

PolyOne Corporation Page 11

Lightweighting with Advanced Composites

Increasing Healthcare Penetration

Innovation Initiatives

Expansion in Consumer Markets

New Market Development

$$$ $$ $

High Temperature Polymers

PolyOne Corporation Page 12

Design and Service as a Differentiator

Right Material & Color

Desired Product Design

Appropriate Manufacturing Process

Delivering Concept to Commercialization

Connecting the Dots with iQ Design Labs and InVisiO Color Design

PolyOne Corporation Page 13

Customer First Through World-Class Service

Strengthening relationships through:

Providing LSS services to small/medium sized customers

• Supporting customers who lack their own formal process improvement initiatives

Providing training in Customer Centric Selling Skills with customers’

sales force

PolyOne Corporation Page 14

60%

97%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2008 Q3 2015

Pension Funding** As of September 30, 2015

Debt Maturities & Pension Funding

Net Debt / Adjusted EBITDA** = 2.1x

$49

$121

$317

$600

$400

$0

$100

$200

$300

$400

$500

$600

$700

$800

2015 2018 2020 2023

Debt Maturities As of September 30, 2015

($ millions)

Coupon Rate: 7.500% Variable* 7.375% 5.250%

** includes US-qualified pension plans only *Weighted average rate on revolver was 2.49% as of 9/30/15 **TTM 9/30/2015

PolyOne Corporation Page 15

Free Cash Flow and Strong Balance Sheet Fund Investment / Shareholder Return Expanding our sales,

marketing, and technical capabilities

Investing in operational and LSS initiatives

~75% of capital expenditures fund growth initiatives Organic

Growth

Acquisitions

Share Repurchases

Dividends

$0.16 $0.20

$0.32

$0.40

$0.48

$0.10

$0.20

$0.30

$0.40

$0.50

2011 2012 2013 2014 2015 2016

Annual Dividend

Targets that expand our: • Specialty offerings • End market

presence • Geographic breadth

Synergy opportunities Adjacent material

solutions

Repurchased nearly 2.4 million shares in Q3 2015

Repurchased 14.8 million shares since early 2013

5.2 million shares are available for repurchase under the current authorization

$0.24

PolyOne Corporation Page 16

The New PolyOne: A Specialty Growth Company

Why Invest In PolyOne?

Addressable market exceeds $40 billion

Strong performance demonstrates that our strategy and execution

are working

Megatrends and emerging opportunities align with our strengths

Innovation and services provide differentiation, incremental pricing

power, and competitive advantage

Strong and proven management team driving growth and

performance

PolyOne Corporation Page 17

Appendix

PolyOne Corporation Page 18

$0.20 $0.28

$0.36 $0.49 $0.54

$0.00

$0.15

$0.30

$0.45

$0.60

Q3'11 Q3'12 Q3'13 Q3'14 Q3'15

Adjusted EPS

Q3 2015 Financial Highlights

Color Additives & Inks operating

margin reaches record third quarter

level of 17.3%

Specialty Engineered Materials

operating margin grew 210 basis

points year-over-year to 14.7%

Third quarter adjusted EPS has

grown on average 28% per year

since 2011

$13 $19

$29 $30 $35

$0

$10

$20

$30

$40

Q3'11 Q3'12 Q3'13 Q3'14 Q3'15

GCAI Operating Profit

$11 $13

$15

$18 $20

$10

$14

$18

$22

Q3'11 Q3'12 Q3'13 Q3'14 Q3'15

GSEM Operating Profit

Note: $ in millions, except per share data

PolyOne Corporation Page 19

Appliances2%

Building & Construction

12%

Consumer7%

Electrical & Electronics

1%

Healthcare6%

Industrial14%

Packaging31% Textiles

7%

Transportation8%

Wire & Cable12% 1.7%

4.6% 5.1% 5.5% 7.2% 8.1%

9.7%

12.2%

17.2%

20%+

2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015

2020

Operating Income % of Sales

At a Glance Global Color, Additives and Inks

2014 Revenues: $0.9 Billion Solutions

Expanding Profits 2014 Revenue by Industry Segment

14.7%

Platinum Vision

United States44%

Europe36%

Canada2%

Asia12%

Latin America6%

PolyOne Corporation Page 20

Appliances4% Building &

Construction3%

Consumer18%

Electrical & Electronics

16%

Healthcare12%

Industrial8%

Packaging5%

Transportation20%

Wire & Cable12%

At a Glance Global Specialty Engineered Materials

2014 Revenues: $0.6 Billion Solutions

2014 Revenue by Industry Segment Expanding Profits

1.1% 1.3% 3.4%

5.1%

9.6% 8.0% 8.6% 9.3%

15.1%

20%+

2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015

2020

Operating Income % of Sales

Platinum Vision

12.1%

United States44%

Europe33%

Canada2%

Asia19%

Latin America2%

PolyOne Corporation Page 21

Appliances2% Building &

Construction8%

Consumer5%

Healthcare6%

Industrial23%

Packaging27%

Transportation30%

United States96%

Canada4%

At a Glance Designed Structures and Solutions

Solutions 2014 Revenues: $0.6 Billion

Expanding Profits 2014 Revenue by Industry Segment

1.4%

5.6% 7.3%

3.5%

12-14%

2012 2013 2014 YTD 2015 2020

Operating Income % of Sales

Platinum Vision

PolyOne Corporation Page 22

Appliances8%

Building & Construction

33%

Consumer5% Electrical &

Electronics3%

Healthcare1%

Industrial11%

Packaging5%

Transportation18%

Wire & Cable16%

5.5% 6.9%

3.8% 3.6%

5.5% 4.3%

6.3% 7.2%

8.1%

2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015

2020

Operating Income % of Sales

At a Glance Performance Products and Solutions

Solutions

Expanding Profits

2014 Revenues: $0.8 Billion

10-12%

Platinum Vision

2014 Revenue by Industry Segment

7.7%

United States80%

Canada14%

Asia2%

Latin America4%

PolyOne Corporation Page 23

Appliances6%

Building & Construction

5%

Consumer13%

Electrical & Electronics

6%Healthcare

23%

Industrial15%

Packaging4%

Transportation25%

Wire & Cable3%

2.6% 3.0%

3.5% 4.0%

4.6% 5.6%

6.4% 5.9% 6.6% 6.5-7.5%

2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD 2015

2020

Operating Income % of Sales

15%

52%

2006 Q3 2015

At a Glance Distribution

Key Suppliers 2014 Revenues: $1.1 Billion

ROIC Expanding Profits

6.1%

Platinum Vision

PolyOne Corporation Page 24

2 lbs Plastic =

3 lbs aluminum or

8 lbs steel or

27 lbs glass

33% less material by weight than aluminum

75% less material by weight than steel

93% less material by weight than glass

Requires 91% less energy to recycle a pound of plastic versus

a pound of paper

Source: SPI: Sustainability and the Plastics Industry

Plastics: Key to Future Sustainable Development

PolyOne Corporation Page 25

Commitment to Operational Excellence

81%

93%

2006 2014

16.2%

9.9%

2006 2014

On-Time Delivery

Working Capital % of Sales

5%

43%

2006 2014

Percent of Associates Trained in LSS

Five consecutive years – CFO Magazine Best Working Capital Management in the chemical industry

World’s Best Business Process Excellence

Program in 2012*

113 trained Black Belts

235 trained Green Belts

151 trained Kaizen Leaders

World’s Best Start-up Program for Lean Six Sigma

Deployment in 2009*

*Both awards received from International Quality and Productivity Center

PolyOne Corporation Page 26

Application Examples

PolyOne Corporation Page 27

Outdoor Applications

• Leading provider of high performance specialty materials for the recreational and sports & leisure industry

• Well positioned across all segments to address market needs

Metal to Polymer Conversion

Lightweighting

Thermal Management

Impact Performance

Source: Outdoor Industry Association

PolyOne Corporation Page 28

$1.5 billion attractive, growing market

Additives improve performance and reduce cost through light-weighting, reduced waste, faster cycle times, and extended shelf life of finished product

Aligned with megatrend of protecting the environment:

Sustainability benefits include lower package weight and improved recyclability of package at end of use

Market Opportunity

Leading Global Supplier of Additives In Growing PET Market

Shelf-life extension

Greater product consistency

Recyclability and reduced carbon

footprint

Color and Special Effects

Weight reduction

Enhanced product aesthetics

High heat resistance

PET Bottling Technology

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

2009 2014 2019

Asia Pacific North America Latin America Western Europe Eastern Europe Middle East and Africa

Global PET Packaging Growth 2009-2019

Source: Euromonitor retail off-trade consumption (PET bottles & jars, home care, personal care, food & non-alcoholic beverages)

Bill

ion

units

5% CAGR

PolyOne Corporation Page 29

• Includes formulation and consultative services to assist manufacturers and brand owners in positively identifying their finished goods

• Protects brand equity & consumer

welfare

• Reduces exposure to unwarranted recall expenses

• Secures supply chain integrity –

support for safe expansion into new geographies

Authentication Technology

PolyOne Corporation Page 30

• Color harmonization across 15 unique color-and-polymer combinations

• Eliminated need for multiple pre-colored materials

• Reduced Land Rover’s working capital

2015 Range Rover Evoque Interior

PolyOne Corporation Page 31

• Reduced health and environmental impact

• System cost reduction

• Radiation-shielding performance

• Parts consolidation

• Design freedom

CT Scanner

PolyOne Corporation Page 32

Metal Replacement Solutions

• Replaces metal in LED lighting

• Extends LED durability and life span eliminating hot spots

• Greater design flexibility with fewer parts

• Weight reduction

• Simplifies manufacturing and lowers total production cost

PolyOne Corporation Page 33

High-Barrier Packaging Containers

• Capability to extrude up to 13 layers

• Strong oxygen and moisture vapor transmission protection

• Can be made symmetrical or asymmetrical to meet customized needs of broad variety of applications

• Barrier protection and superior sensory properties

PolyOne Corporation Page 34

Aerospace Applications

• Leading provider of specialty materials for the aerospace industry

• Typical applications

Mil-spec aircraft windows, canopies, windscreens, instrument panels, wingtip lenses

Interior – gallery furnishings, tray tables, arm rests, trim strips, joint/edge coverings

• Benefits:

High impact strength Resistant to UV rays Flame and smoke compliance Easy to clean with aggressive cleaners;

anti-microbial grades available Range of sizes, thicknesses, colors, etc.

1

Reconciliation of Non-GAAP Financial Measures (Unaudited)

(Dollars in millions, except per share data)

Below is a reconciliation of non-GAAP financial measures to the most directly comparable measures calculated and presented in accordance with U.S. GAAP. Senior management uses operating income excluding special items, adjusted EPS, and working capital to assess performance and allocate resources because senior management believes that these measures are useful in understanding current profitability levels and that current levels may serve as a base for future performance.

Platform operating income mix percentage 2005* 2008* 2010* 2013 2014 2015 YTDGlobal Color, Additives and Inks $ 4.3 $ 28.1 $ 37.7 $104.0 $124.9 $ 107.9Global Specialty Engineered Materials 0.4 17.6 49.7 57.2 72.4 63.2Designed Structures and Solutions - - - 33.4 45.1 12.0Specialty Platform $ 4.7 $ 45.7 $ 87.4 $194.6 $242.4 $ 183.1Performance Products and Solutions 75.7 31.3 54.0 56.0 63.1 43.9Distribution 19.5 28.1 42.0 63.3 68.2 52.4Joint ventures 91.9 28.6 18.9 - - —Corporate and eliminations (51.5) (425.1) (27.7) (82.4) (218.6) (59.8)Operating income (loss) GAAP $140.3 $(291.4) $174.6 $231.5 $155.1 $ 219.6Less: Corporate operating expense 51.5 425.1 27.7 82.4 218.6 59.8Operating income excluding Corporate $191.8 $133.7 $202.3 $313.9 $373.7 $ 279.4

Specialty platform operating mix percentage 2% 34% 43% 62% 65% 66%

Adjusted EPS is calculated as follows:

Adjusted EPS 2006Y* 2007Y* 2008Y* 2009Y* 2010Y 2011Y 2012Y 2013Y 2014YNet income attributable to

PolyOne commonshareholders $ 130.9 $ 40.9 $ (417.0) $ 106.7 $ 152.5 $ 153.4 $ 53.3 $ 94.0 $ 78.0

Joint venture equity earnings,after tax (68.5) (26.1) (20.8) (19.0) (14.7) (3.7) - - -

Special items, after tax(1) (21.2) 41.4 310.0 (31.0) 15.8 (30.5) 35.7 30.4 101.0

Tax adjustments(2) (30.0) (30.7) 147.2 (44.9) (88.3) (42.3) 0.5 2.2 (10.5)Adjusted net income $ 11.2 $ 25.5 $ 19.4 $ 11.8 $ 65.3 $ 76.9 $ 89.5 $ 126.6 $ 168.5

Diluted shares 92.8 93.1 92.7 93.4 96.0 94.3 89.8 96.5 93.5Adjusted EPS $ 0.12 $ 0.27 $ 0.21 $ 0.13 $ 0.68 $ 0.82 $ 1.00 $ 1.31 $ 1.80

2

Adjusted EPS 2011 Q3 2012 Q3 2013 Q3 2014 Q3 2015 Q3Net income attributable to PolyOne common shareholders $ 16.0 $ 19.4 $ 23.2 $ 32.3 $ 44.5

Special items, after tax(1) 3.1 5.3 10.5 13.2 12.6

Tax adjustments(2) (0.3) 0.1 1.8 (0.1) (9.6)Adjusted net income $ 18.8 $ 24.8 $ 35.5 $ 45.4 $ 47.5

Diluted shares 94.3 90.2 98.1 93.1 88.4Adjusted EPS $ 0.20 $ 0.27 $ 0.36 $ 0.49 $ 0.54

* Historical results are shown as presented in prior filings and have not been updated to reflect subsequent changes in accounting principal or discontinued operations.

(1) Special items are a non-GAAP financial measure and are used to determine adjusted earnings. Special items include charges related to specific strategic initiatives or financial restructuring such as: consolidation of

operations; debt extinguishment costs; employee separation costs resulting from personnel reduction programs, plant phase-in costs, executive separation agreements; asset impairments; mark-to-market adjustments

associated with actuarial gains and losses on pension and other post-retirement benefit plans; environmental remediation costs, fines, penalties, remediation costs and related insurance recoveries related to facilities

no longer owned or closed in prior years; gains and losses on the divestiture of operating businesses, joint ventures and equity investments; gains and losses on facility or property sales or disposals; results of

litigation, fines or penalties, where such litigation (or action relating to the fines or penalties) arose prior to the commencement of the performance period; one-time, non-recurring items; and the effect of changes in

accounting principles or other such laws or provisions affecting reported results.

(2) Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuations allowance adjustments.

Trailing twelve months adjusted gross margin is calculated as follows:

Three MonthsEnded

Nine MonthsEnded

Trailing Twelve Months(TTM) Ended

(In millions) December 31, 2014 September 30, 2015 September 30, 2015

Gross margin - GAAP $ 152.6 $ 524.6 $ 677.2Special items in gross margin 15.8 30.0 45.8Gross margin excluding special items $ 168.4 $ 554.6 $ 723.0

Adjusted EBITDA and net debt to adjusted EBITDA is calculated as follows:

Three MonthsEnded

Nine MonthsEnded

Trailing TwelveMonths (TTM) Ended

(In millions) December 31, 2014 September 30, 2015 September 30, 2015Income from continuing operations,

before income taxes $ (31.2) $ 168.1 $ 136.9

Interest expense, net 15.6 48.5 64.1Depreciation and amortization 25.0 78.4 103.4Special items, impact on income from

continuing operations before incometaxes

80.8 39.8 120.6

Accelerated depreciation included inspecial items (0.2) (4.6) (4.8)

Adjusted EBITDA $ 90.0 $ 330.2 $ 420.2

Short-term portion and current portion oflong-term debt $ 61.8

Long-term debt 1,038.0Less: Cash and cash equivalents (235.7)Net Debt 864.1

Net Debt/TTM Adjusted EBITDA 2.1